When an offer is received we will either accept it, reject it, or make a counter offer with some of the buyer's terms changed.
Once an offer is accepted we begin to prepare for the closing. I will provide you with a seller net sheet to estimate
the funds you'll be receiving at closing.
The buyer will make the sale contingent upon having the home inspected by a professional home inspector to identify problems
that might exist as well as to learn about the general condition of the mechanicals and other features of the home.
After the inspection we will get an inspection report with requests to repair or replace certain items that are identified
in the report. Most items are small like repairing a piece of loose trim or caulking around the bathtub. However,
large fixes like replacing a roof or repairing termite damage are also possible.
At the same time the buyer will be getting final mortgage approval and the mortgage company will have the home appraised
to make sure the buyer is not paying significantly more than the home is worth.
We will decide where the closing will occur and will make arrangements for title insurance with a title company.
I will also discuss with you the settlement statement just before closing so that you will know exactly what your proceeds
will be. We will then attend the closing to transfer the home to the new buyer.
